Nordea Bank (NRDBY) to Release Earnings on Thursday

Nordea Bank (OTCMKTS:NRDBY) is expected to be posting its results before the market opens on Thursday, January 29th. Analysts expect Nordea Bank to post earnings of $0.37 per share and revenue of $3.4212 billion for the quarter.

Nordea Bank Price Performance

NRDBY opened at $19.53 on Thursday. Nordea Bank has a 1 year low of $11.07 and a 1 year high of $19.73. The company’s 50 day simple moving average is $18.41 and its 200 day simple moving average is $16.79. The stock has a market capitalization of $67.06 billion, a PE ratio of 12.85, a P/E/G ratio of 3.94 and a beta of 0.63. The company has a debt-to-equity ratio of 6.32, a quick ratio of 1.23 and a current ratio of 1.23.

Analyst Ratings Changes

A number of equities analysts have weighed in on NRDBY shares. The Goldman Sachs Group downgraded shares of Nordea Bank from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 4th. Morgan Stanley reaffirmed an “overweight” rating on shares of Nordea Bank in a research report on Monday, November 24th. Barclays reissued an “underweight” rating on shares of Nordea Bank in a research report on Wednesday, December 10th. Citigroup restated a “buy” rating on shares of Nordea Bank in a research note on Thursday, January 15th. Finally, Zacks Research lowered Nordea Bank from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

About Nordea Bank

Nordea Bank is a leading financial services group focused on serving retail, corporate and institutional customers across the Nordic region. The bank’s core activities include retail and commercial banking, corporate and institutional banking, asset and wealth management, and related financial services such as payments, cash management and trade finance. Nordea delivers these services through branch and digital channels, aiming to provide integrated banking solutions for everyday consumers, small and medium enterprises, and large corporations.

Product offerings span deposit and lending products including mortgages and consumer loans, transaction banking and treasury services for corporate clients, investment and pension solutions through its asset management businesses, and wealth management services for private clients.